Core Insights - The article discusses the industrial development strategy of Zunyi City, focusing on the construction of a modern industrial system and the growth of key industries, particularly the liquor industry and non-liquor sectors [1][2]. Group 1: Industrial Growth Targets - Zunyi aims for a 6.5% growth in industrial added value for the year 2026, marking the beginning of the 14th Five-Year Plan [1]. - During the 13th Five-Year Plan, Zunyi's total industrial output exceeded 200 billion yuan, with industrial added value surpassing 100 billion yuan, achieving an average annual growth rate of over 10% [1]. Group 2: Industrial Structure and Focus - The city is focusing on a dual strategy of stabilizing the liquor industry while promoting breakthroughs in non-liquor industries, with a goal to increase the non-liquor industry's share by approximately 1 percentage point [1]. - Zunyi is reinforcing its advantages in the sauce-flavored liquor industry by supporting 110 enterprises, including Moutai and Xijiu, to stabilize production and expand markets [1]. Group 3: Development Zones and Industrial Clusters - Zunyi has established 2 national-level and 13 provincial-level development zones, with significant contributions to industrial output, where over 90% of industrial output comes from these zones [2]. - Recent upgrades of Wuchuan and Daozhen industrial parks to provincial-level development zones highlight the city's commitment to enhancing industrial growth [2].

Market Overview - A-share market shows divergence with resource cyclical stocks experiencing significant pullback, causing the Shanghai Composite Index to fall below 3600 points; AI-related hardware and software sectors saw a collective rise, boosting the ChiNext Index [1][3] AI Sector Performance - AI-related hardware and software sectors, including liquid cooling servers, AI agents, and PCB, exhibited strong gains; leading AI server company, Industrial Fulian, hit the daily limit and reached a historical high with a market capitalization exceeding 700 billion yuan [3][10] - Notable stocks in the liquid cooling server concept include Sihuan New Materials, Yingweike, and Chunzong Technology, all achieving daily limit increases [5][6] Resource Sector Performance - Resource cyclical stocks, which led gains last week, faced high-level corrections; sectors such as steel, non-ferrous metals, and chemicals saw significant declines, with steel stocks dropping over 3% and individual stocks like Anyang Steel and Baosteel falling more than 5% [15][16] - In the futures market, several previously popular commodities, including glass and coking coal, dropped over 6%, while lithium carbonate fell by 6% [16][17] Regulatory Changes - The Dalian Commodity Exchange announced adjustments to trading limits for certain futures contracts, including industrial silicon, polysilicon, and lithium carbonate, to maintain market stability [17]